Dr Reddys Laboratories (RDY) Tax Rate (2009 - 2023)

Dr Reddys Laboratories (RDY) posted quarterly Tax Rate of 26.09% for Q2 2023, up 10.75% quarter-over-quarter from 23.56% in Q1 2023.

Dr Reddys Laboratories (RDY) Tax Rate (2009 - 2023) Analysis & Trends

Dr Reddys Laboratories' Tax Rate history runs 15 years deep, the most recent figure standing at 26.09% for Q2 2023.

In Q2 2023, Tax Rate changed N/A year-over-year to 26.09%; the TTM figure through Jun 2023 stood at 25.61% (changed N/A YoY), while the FY2026 annual figure was 22.6%, down 284.0% from the prior year.
Tax Rate for Q2 2023 stood at 26.09%, up from 23.56% in the prior quarter.
The five-year high for Tax Rate was 34.17% in Q1 2020, with the low at 50.0% in Q3 2020.
The 5-year median for Tax Rate is 22.32% (2021), against an average of 9.77%.
Peak annual rise in Tax Rate reached 5486 bps in 2020, while the deepest fall reached 6605 bps in 2020.
Dr Reddys Laboratories' Tax Rate stood at 16.05% in 2019, then slumped by 412 bps to 50.0% in 2020, then jumped by 143 bps to 21.64% in 2021, then climbed by 28 bps to 27.78% in 2022, then slipped by 6 bps to 26.09% in 2023.
Business Quant data shows RDY's Tax Rate at 26.09% in Q2 2023, 23.56% in Q1 2023, and 27.78% in Q4 2022.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Haleon	44.07 Bn	43.10 Bn	-	-
2	Teva Pharmaceutical Industries	43.42 Bn	39.76 Bn	2.15 Bn	-26.59%
3	Zoetis	31.86 Bn	30.18 Bn	1.05 Bn	-
4	Takeda Pharmaceutical	28.77 Bn	22.98 Bn	5.10 Bn	-30.40%
5	United Therapeutics	22.29 Bn	19.63 Bn	683.80 Mn	10.65%
6	Viatris	18.78 Bn	17.89 Bn	1.46 Bn	-85.63%
7	Neurocrine Biosciences	15.66 Bn	15.27 Bn	935.80 Mn	10.97%
8	Elanco Animal Health	11.91 Bn	11.38 Bn	798.00 Mn	3.57%
9	Dr Reddys Laboratories	10.16 Bn	10.00 Bn	-	-
10	Alkermes	8.20 Bn	7.55 Bn	397.90 Mn	127.93%

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